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Bethesda Mining Company reports the following balance sheet information for 2021 and 2022 : Based on the balance sheets given, calculate the following financial ratios
Bethesda Mining Company reports the following balance sheet information for 2021 and 2022 : Based on the balance sheets given, calculate the following financial ratios for each year: Calculate the following financial ratios for each year: a. Current ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16 . b. Quick ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Cash ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16 . d. Debt-equity ratio and equity multiplier. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16 . e. Total debt ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. \begin{tabular}{|c|r|l|} \hline a. 2021 Current ratio & 0.84 & times \\ \hline 2022 Current ratio & 0.98 & times \\ \hline b. 2021 Quick ratio & 0.38 & times \\ \hline 2022 Quick ratio & 0.41 & times \\ \hline c. 2021 Cash ratio & 0.16 & times \\ \hline 2022 Cash ratio & 0.17 & times \\ \hline d. 2021 Debt-equity ratio & & times \\ \hline 2021 Equity multiplier & 2.38 & times \\ \hline 2022 Debt-equity ratio & & times \\ \hline 2022 Equity multiplier & 2.25 & times \\ \hline e. 2021 Total debt ratio & 0.58 & times \\ \hline 2022 Total debt ratio & 0.56 & times \\ \hline \end{tabular}
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